Irish household saving ratio stands at 11.6 pct

Source: Xinhua| 2019-01-11 07:28:51|Editor: Yamei

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DUBLIN, Jan. 10 (Xinhua) -- The Irish household saving ratio stands at 11.6 percent, according to the latest official statistics.

Data released by the Irish national statistics bureau CSO on Thursday showed that the quarterly gross disposable income of Irish households stood at 28.03 billion euros (32.23 billion U.S. dollars) in the third quarter of 2018 while their quarterly gross expenditure stood at 24.78 billion euros in the same period.

The derived gross saving ratio of Irish households, which is calculated based on the difference between gross disposable income and gross expenditure, was 11.6 percent in the third of last year, said the CSO.

The household saving ratio for Irish households in Q3 of 2018 remained unchanged when compared with Q2 of the year though both household disposable income and expenditure in the country had increased in the third quarter of last year over the previous quarter, it said.

The gross disposable income and gross expenditure of Irish households in the second quarter of 2018 stood at 27.61 billion euros and 24.42 billion euros respectively, showed the CSO figures.

According to a CSO population census, there were an estimated 1.7 million households in Ireland in 2016.